• 575-649-6545
  • paul@oldwestlending.com

Author Archive

Understanding Your Credit Report

mortgage reports are different from consumer/auto reports.

score ranges

use middle score, and of two people

% of card usage        very critical

little loan balances can be killers   $25  $27…no loan for a year!

Don’t carry debt for your credit rating  $700 debt…pay if off

Student debt   amortized way too far.  $3,500  do $500/month     7 months done!  not 12 years!

 

Paul

How We Are Different

easier Guidelines

broker- different lenders for different reasons

don’t give up

Manual underwrite

 

 

Paul

Investment or Commercial Loan

Info here on how to get an investment loan. Most important info.

Paul

How to Get a Home Loan Right Now.

1003 Form. The most important items on a mortgage application and why they matter.

Paul